Gbp/Usd is trading currently in a red zone, waiting to break either down or up the dotted channel In bigger view we have it still in the uptrend channel and closely to the support line of it
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Just pierced the lower dotted line and closes above it, so now is back in the red zone and still waiting a break either way
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After managed to get back above the lower dotted line, later on broke also the upper one and go for the tick line. Surprisingly 3025 resistant area didnt hold and continued for 618%. Currently trading in the uptrend channel
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Dollar weakness is strongly shown in cable view Switched from another channel to another Despite the fact that is still sensitive, scalps working well
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Cable been bullish after BOE comments for possible rate hike and a weekly view gives a better understanding of where the pair is trading now